The fund of funds, established in 2018, invests in sectors including green energy, social infrastructure, mid-income and affordable housing, consumer services, financial services, and technology.

New Development Bank Commits $100 million in NIIF Fund of Funds

Leave a Comment / Daily News, Agreements, National / By

New Development Bank Commits $100 million in NIIF Fund of Funds

  • The New Development Bank (NDB) has committed to invest USD 100 million (Rs 727.6 crore), into the NIIF Fund of Funds (FoF).
  • With NDB’s investment, the total commitments secured by the FoF has reached $800 million (about Rs 5,820 crore).
  • This investment marks NDB’s first equity investment into India and its first-ever investment into a Fund of Funds.
  • Currently, the Government of India (GoI), Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) are the investor in the FoF. Now NDB has joined in the group.

Leave a Comment

Your email address will not be published. Required fields are marked *